Ambiq Micro (NYSE:AMBQ) Stock Price Down 5.7% - Here's What Happened

Key Points

• Ambiq Micro shares fell 5.7% to about $64.39 on Tuesday, with trading volume 37% below the stock’s average daily volume.
• Analyst sentiment remains mixed: the stock has an overall “Hold” consensus and an average price target of $82.20, based on three Buy, four Hold, and one Sell rating.
• The company reported a quarterly loss of $0.07 per share on $33.9 million in revenue, while insiders have sold roughly $15.5 million worth of shares over the past three months.

Shares of Ambiq Micro, Inc. (NYSE:AMBQ - Get Free Report) dropped 5.7% during trading on Tuesday. The stock traded as low as $64.19 and last traded at $64.3850. 322,766 shares were traded during trading, a decline of 37% from the average daily volume of 510,360 shares. The stock had previously closed at $68.30.

Wall Street Analysts Forecast Growth

AMBQ has been the subject of several analyst reports. Citigroup reissued a "neutral" rating on shares of Ambiq Micro in a research report on Tuesday, August 11th. Roth Capital began coverage on shares of Ambiq Micro in a report on Monday, July 13th. They set a "buy" rating and a $125.00 target price for the company. UBS Group set a $85.00 target price on shares of Ambiq Micro in a research note on Wednesday, August 12th. Needham & Company LLC upped their target price on shares of Ambiq Micro from $70.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Ambiq Micro in a research report on Friday. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $82.20.

Ambiq Micro Stock Down 5.1%

The company has a market capitalization of $1.57 billion, a PE ratio of -30.58 and a beta of 5.58. The company's 50 day moving average is $63.64 and its two-hundred day moving average is $59.84.

Ambiq Micro (NYSE:AMBQ - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $33.90 million for the quarter. Ambiq Micro had a negative net margin of 37.77% and a negative return on equity of 11.85%. Ambiq Micro has set its Q3 2026 guidance at -0.200--0.120 EPS. Analysts forecast that Ambiq Micro, Inc. will post -1.16 EPS for the current year.

Insider Buying and Selling

In other Ambiq Micro news, Director Ker Zhang sold 10,000 shares of Ambiq Micro stock in a transaction on Friday, September 11th. The shares were sold at an average price of $63.44, for a total transaction of $634,400.00. Following the completion of the transaction, the director directly owned 20,366 shares of the company's stock, valued at $1,292,019.04. The trade was a 32.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Fumihide Esaka sold 13,500 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $60.28, for a total value of $813,780.00. Following the transaction, the chief executive officer owned 460,460 shares of the company's stock, valued at $27,756,528.80. This trade represents a 2.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 260,185 shares of company stock valued at $15,523,333 in the last three months. Corporate insiders own 10.00% of the company's stock.

Institutional Investors Weigh In On Ambiq Micro

Institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in Ambiq Micro in the first quarter worth about $1,082,000. Bank of New York Mellon Corp increased its position in shares of Ambiq Micro by 288.5% during the first quarter. Bank of New York Mellon Corp now owns 42,030 shares of the company's stock worth $1,068,000 after purchasing an additional 31,212 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Ambiq Micro in the second quarter valued at about $14,847,000. Monashee Investment Management LLC boosted its stake in Ambiq Micro by 21.9% in the 1st quarter. Monashee Investment Management LLC now owns 103,756 shares of the company's stock worth $2,636,000 after purchasing an additional 18,667 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Ambiq Micro by 603.5% during the second quarter. Squarepoint Ops LLC now owns 63,228 shares of the company's stock valued at $5,583,000 after buying an additional 54,240 shares during the last quarter.

About Ambiq Micro

Ambiq Micro, Inc is a semiconductor company that develops ultra-low-power system-on-chip (SoC) solutions and microcontrollers for edge computing and artificial intelligence applications. Its technology is designed to help battery-powered devices perform data processing locally while extending battery life.

The company's product portfolio includes its Apollo family of low-power microcontrollers and SoCs, as well as solutions that integrate processing, memory, wireless connectivity and AI capabilities.

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